Jim Cramer's Stop Trading! Countrywide-Merrill

Stock quotes in this article: MER , CFC , SLB , GOOG  

Countrywide (CFC Quote) is the "logical takeout" for Merrill Lynch (MER Quote), Jim Cramer said Thursday on CNBC's "Stop Trading!" segment.

Cramer said "now is the time to strike" for Merrill, which just reported a solid quarter and said its buy of mortgage servicing firm First Franklin is working out. Cramer said Countrywide, which he called "the last man standing" in the hard-hit subprime mortgage business, could fetch $45 a share in a deal, up from a recent $38.

Cramer wants to buy Schlumberger (SLB Quote) ahead of Friday morning's earnings but might limit himself to buying call options.

Cramer also wants to wait for Google (GOOG Quote) to report its first-quarter earnings after the market closes Thursday before pulling the trigger.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
At the time of publication, Cramer had no position in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,291.26 1,098.51 2,166.90 34.74
Oil *
77.90
UP
44.29
UP
5.50
UP
15.82
DOWN
0.08
10 Yr
3.47%
SPDR Gold
109.60
+0.43%
+0.50%
+0.74%
-0.23%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services